TYME Secures Capital to Advance Pivotal Studies of SM-88 in Metastatic Pancreatic Cancer
Tyme Technologies, Inc. (TYME)
Last tyme technologies, inc. earnings: 2/5 08:00 am
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Source: GlobeNewswire
NEW YORK, April 03, 2019 (GLOBE NEWSWIRE) -- Tyme Technologies, Inc. (NASDAQ: TYME), an emerging biotechnology company developing cancer metabolism-based therapies (CMBTsTM), announced the closing of its underwritten registered offering with a group of three existing and one new investors resulting in gross proceeds of $12 million. The Company intends to primarily use the net proceeds from the offering to continue development of its clinical and preclinical programs, including two upcoming pivotal trials in pancreatic cancer, as well as for general corporate purposes. TYME is in the process of finalizing a randomized pivotal trial protocol amendment for use of SM-88 in third-line pancreatic cancer. TYME also will be studying SM-88 in a pivotal trial for second-line pancreatic cancer in partnership with the Pancreatic Cancer Action Network as part of its innovative Precision Promise? adaptive design study. Both trials are expected to initiate in mid-2019. “We believe this funding
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